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The SEC is not focusing on handling ETF support marketing: Jay Clayton



The Securities and Exchange Commission (SEC) did not give ETF green light, which has been applied by many players including Winklevoss Twins, but the SEC chair has recently talked about the ETB digital currency in a conversation with CNBC.

Referring to the fear of market manipulation, surveillance and centralization, Jay Clayton has said the market expects "better surveillance and surveillance services" with the true authorization of Bitcoin ETF.

It is a problem that needs to be taken before the decision. "Clayton told Manhattan in the Consensus Invest Conference."

When talking to the CNBC, he showed great interest to investors and said the cryptography market is a lack of monitoring tool. It does not have security tools in place to prevent stock exchange accusations and handling activities. It does not believe that the investors would benefit from a reasonable valuation of Bitcoin's price.

To face possible issues about ETF, Clayton has stated,

"What investors expect from the ETF market is that the sense of money and the risk of manipulation is free," he said.

However, the delay is not surprising, ETF could be a cryptography that will wait for the main stream to come. Speaking at the conference, Clayton cited Nasdaq and NYSE, where "custody is a big concern." He said;

New York Stock Exchange and Nasdaq are called "custody", systems that monitor, prevent and investigate abusive and manipulative activities in exchanges. "These types of guarantees are not currently available in exchange offices where digital currency is marketed,"

Clayton wants to guarantee the ETF, the underlying asset must guarantee a better custody and care. Glenn Hutchins, moderated by Silver Lake Partners in the panel, said Clayton

"We have seen some robberies about digital assets that are breaking your head," he continued, "the assets under this ETF have good vigilance and have not disappeared."

In a nutshell, there were two main topics highlighted in a general interview: a better way of extracting an ICO and tackling security problems before ETF homologation. The ICO must always be considered as security. He continues;

"If you finance a venture with a local offer" if you start with the hypothesis that begins with the offer of securities, "

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SEC in Jay Clayton ETF does not support market manipulation

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SEC in Jay Clayton ETF does not support market manipulation

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The Securities and Exchange Commission has not been given a green light on the ETF by many players including Winklevoss twins, but the SEC chair Jay Clayton has recently talked about the ETB digital currency in a conversation with CNBC.

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Tabassum

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Coingape

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The content presented may have an author's personal opinion and is a market condition. Invest in your market research before cryptoconferences. The author or the publisher is not liable for your personal financial loss.





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